ORLANDO, Fla., March 4, 2004 (PRIMEZONE) -- TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB): The CEO of TS&B Holdings Inc., James E. Jenkins announced today the Company has agreed to an equity financing transaction with Compass Capital Group, a Wall Street based investment banking firm, to fund up to $5 million dollars.
The financing commitment over the next 12 months will allow the Company to drive an aggressive acquisition campaign in which Compass Capital Group will play a key role as investment banker and advisor. The financing will allow the Company to implement new strategic corporate initiatives and finalize acquisitions that will directly impact shareholders. The Company intends to announce acquisitions and strategic relationships in the near future.
The Company's objective is to provide services, including consulting services to micro-, small- and mid-cap businesses primarily in the $1 million to $150 million revenues range. The Company will be investing a portion of these funds in the marketing of Sports Nation and Gulf Coast Records.
TS&B Holdings CEO James E. Jenkins stated, "We are very excited TSB is now in the position to provide funding that will enable Sports Nation and Gulf Coast Records to implement their marketing campaign in two multi-billion dollar markets." The market for sports memorabilia itself exceeds $1 billion dollars annually.
This press release contains certain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, market acceptance of products, services and technologies; changes in local currency valuations; the Company's ability to continue to secure sources of financing; and other factors as described in the Company's filings with Securities and Exchange Commission. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.